The liquidation of trucking giant Pride Group could affect freight rates and the driver market across the industry, according to an industry observer. Pride Group, one of Canada’s largest trucking and leasing companies, filed for bankruptcy protection March 28, owing lenders $637 million. Stakeholders recently dismissed a $56 million...

Pride Group closing could affect freight rates, driver market

FTR’s Trucking Conditions Index for June stayed in positive territory, but weakened to 0.95 from May’s 2.24 reading. “Today’s market might feel as weak as it has been, but we continue to see a growing foundation for a recovery in financial conditions for trucking companies. Strengthening capacity utilization sets the stage for firmer freight rates starting late this year and accelerating somewhat in 2025. Although nothing approaching the likes of 2021 is on the horizon, carriers should be seeing considerably more favorable conditions by next spring,” says Avery Vise, FTR’s VP of trucking.

Trucking Conditions in June Weakened Amid Higher Financing Costs

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Las Vegas, NV

Bellingham Metro News

LAS VEGAS, NEVADA - A magnitude 4.4 earthquake struck areas near Las Vegas on Tuesday night, according to the United States Geological Service (USGS). The quake, which occurred at 8:06 p.m., was centered approximately 45 minutes from Las Vegas, near Indian Springs.

Magnitude 4.4 Earthquake Shakes Areas Near Las Vegas

A report released by the Labor Department on Thursday unexpectedly showed a continued decline by first-time claims for U.S. unemployment benefits in the week ended August 10th. The Labor Department said initial jobless claims fell to 227,000, a decrease of 7,000 from the previous week's revised level of 234,000. Economists...

U.S. Weekly Jobless Claims Unexpectedly Extend Pullback

TheStreet

Markets end lower as investor seem to think the Fed has waited too long to cut rates. And they sold stocks hard in response.

Stock Market Today: Stocks crushed as markets see Fed rate error

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

Minneapolis, MN

DHL Express, the world’s leading provider of international shipping services, has recently opened a new retail shipping store in Minneapolis, Minnesota. Covering 1,500 sq. ft., this facility is the second fully-branded DHL company-owned retail store in Minneapolis, providing convenient access to industry-leading shipping services in the area. As Minneapolis...

DHL Expands Operations with New Retail Store in Minneapolis Area

Nick Gentile is vice president of operations at Savety Yellow Products, a warehouse safety products and solutions business founded by his parents in 2003. Gentile grew up in the family business. As a teenager he did everything from basic office work to working the paint line and helping in the manufacturing processes. Today, Gentile’s primary role is overseeing the day-to-day operations of purchasing, production, sales, staffing, training, and the warehouse.

In Person interview: Nick Gentile of Savety Yellow Products

Pompano Beach, FL

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Akeena

In a shocking revelation, Kings Mart, a grocery store in Pompano Beach, has been slapped with a series of severe health violations by the Florida Department of Agriculture. The inspection, carried out by Francis Odio, uncovered a disturbing range of problems that have led to the immediate closure of several sections of the store.

An inspection found bugs in the food and rodent poop on the shelves at a Florida grocery store

According to the USDA dairy margin Coverage Program, June reported the best margins in two years. However, trends could shift by year's end. Chris Galen, Senior Vice President of Member Services and Strategic Initiatives with the National Milk Producers Federation on dairy economics and expectations for the rest of 2024.

Dairy Prices Strong

The Federal Reserve released a report on Thursday showing industrial production in the U.S. fell by much more than expected in the month of July. The report said industrial production decreased by 0.6 percent in July after rising by a downwardly revised 0.3 percent in June. Economists had expected industrial...

U.S. Industrial Production Decreases 0.6% In July, Much More Than Expected

J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

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The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

The US animal fats and oils markets were largely unchanged on Wednesday August 14, with some participants staying on the sidelines awaiting clearer price signals and greater market certainty. Despite a relatively quiet trading day, sources said that bids for fats, oils and greases (FOG) were being pressured by declines...

US animal fats and oil prices steady; demand remains strong

U.S. industrial production fell sharply in July, the Federal Reserve said Thursday, pointing to a larger-than-expected impact from Hurricane Beryl. The news is likely to add to calls for the Fed to cut its key lending rate from a two-decade high next month as its long-running campaign against inflation continues to percolate through to the broader economy.

US Industrial Production Contracts Sharply in July

Kentucky State

Northern Kentucky Tribune

Major changes to how real estate transactions are conducted are set to take affect this month that will effect how both sellers, and buyers, compensate their agents. On March 15, the National Association of Realtors (NAR) settled a lawsuit brought by home sellers regarding how broker commissions were handled. As a result of that settlement, the NAR will remove agent compensation amounts from Multiple Listing Services, provide detailed compensation information to buyers and sellers and attain a written agreement outlining that compensation structure.

Broker commissions on real estate transactions will look a lot different starting August 17

During the recent second quarter, general merchandise comp came in flat as strength in home and hardlines was offset by softness in entertainment, the company reported. At Walmart Marketplace U.S. – where sales jumped 32% – sales were led by fashion, toys, hardlines and home. Total comp at...

Higher-income households drive gains at Walmart U.S.

WASHINGTON—Retail sales data released by the U.S. Census Bureau showed increased consumer spending in July even as the economy's growth is moderating, National Retail Federation chief economist Jack Kleinhenz said. “July’s retail sale figures mirror the strength in the economy, which continues to expand even though there are pressures...

U.S. retail sales advance in July despite the economy's strong but moderating growth

Live cattle futures were down 65 to 95 cents in the front months at Monday’s close. Cash trade saw $185-187 sales in the South last week, with northern trade down $3 to $193. Feeder cattle futures felt some pressure from gains in corn, with losses of $2 to $2.50 in the nearbys. The CME Feeder Cattle Index was down $4.14 at $245.57 on August 9. Monday’s OKC auction is estimated to sell 5,300 head with prices up $2 to 6 on the week for feeder steers and $10 higher for steer calves. Heifer feeders were firm to up $4, with calves $7-10 higher.

Cattle Close Lower on Monday

NewsBreak

Firmer freight rates on tap for 2025, FTR says

Conditions in the truckload freight market weakened slightly in June but stayed positive, showing that core freight dynamics improved for trucking companies during the month, according...

Firmer freight rates on tap for 2025, FTR says

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